Measuring economic performance and social progress

In February 2008, French President Nicholas Sarkozy created a committee with a somewhat ungainly name, 'The Commission on the Measurement of Economic Performance and Social Progress', headed by Joseph Stiglitz, and advised by Amartya Sen. The aim of the Commission was to 'identify the limits of GDP as an indicator of economic performance and social progress, including the problems with its measurement; to consider what additional information might be required for the production of more relevant indicators of social progress; to assess the feasibility of alternative measurement tools, and to discuss how to present the statistical information in an appropriate way'